Anglo American Platinum (OTCMKTS:ANGPY) Upgraded to “Hold” at Jefferies Financial Group

Jefferies Financial Group upgraded shares of Anglo American Platinum (OTCMKTS:ANGPY) to a hold rating in a research note released on Monday,Zacks.com reports.

Separately, Zacks Research raised shares of Anglo American Platinum from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 22nd. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

Anglo American Platinum Trading Up 10.7%

Anglo American Platinum stock opened at $13.74 on Monday. Anglo American Platinum has a 12 month low of $7.48 and a 12 month high of $19.71. The business’s 50 day simple moving average is $11.93 and its 200 day simple moving average is $14.00.

Anglo American Platinum Company Profile

Anglo American Platinum PLC, trading in the United States as ADRs under the symbol ANGPY, is the world’s largest primary producer of platinum group metals (PGMs). The company’s core activities encompass the mining, processing and marketing of PGMs, which include platinum, palladium, rhodium, ruthenium and iridium. In addition to these key metals, Anglo American Platinum also produces by-product nickel, copper, cobalt and chrome, leveraging its extensive mineral reserves.

The company’s mining operations are concentrated in South Africa’s Bushveld Complex, one of the richest PGM-bearing geological formations in the world.